Octopus Energy hands ‘blessed’ Sturgeon massive lifeline to slash £1k off bills

“If we don’t reform the system, households will continue to bear the brunt of increasingly expensive fossil fuels for longer.

Under the current systems, consumers are forced to pay for spiralling costs incurred while balancing the electricity system.

Electricity generators right now can sell their power at costs set by the national market, even if the electricity is generated far away from city centres of high demand, and the network has no way to physically transmit the energy there.

As ESC explains, the UK’s electricity generation mix is regionally diverse, but a single price signal across the UK exists despite huge variations in supply and demand across different regions.

READ MORE: Octopus Energy launches scheme for millions to save £3,775

Article source: https://www.express.co.uk/news/science/1641487/octopus-energy-nicola-sturgeon-boost-scotland-wind-farms-energy-bills-locational-pricing